Iván Hernández Dalas: Teradyne Robotics revenue rises 33% year over year in Q2

Bobs Red Mill and Columbia utilizing the UR20, from Universal Robots, for palletizing in their facility.

Bobs Red Mill and Columbia use the UR20 robot for palletizing in their facility. | Source: Universal Robots

Teradyne Robotics this week said it brought in $100 million in revenue in the second quarter of 2026. The North Reading, Mass.-based company is a unit of automated test equipment supplier Teradyne Inc., which said it expects an increase in semiconductor and data center demand to increase sales.

“Our strategy to capture test and robotics opportunities from wafer to AI data center has driven another record quarter,” stated Greg Smith, CEO of Teradyne. “This strength became evident in the year-on-year market expansion for all three of our business groups.”

“In the short term, our Q3 guidance reflects robust AI-related demand,” he added. “Looking further ahead, rapid increase in wafer fab equipment investment sets the stage for continued growth in 2027 and beyond.”

Teradyne Robotics includes force- and power-limited robot maker Universal Robots (UR) and mobile robot provider (MiR), both of which are headquartered in Odense, Denmark.

Teradyne Robotics marks continued growth

The $100 million in quarterly revenue is an increase from the $91 million that Teradyne Robotics made in Q1 2026. The company marked its fifth consecutive quarter of growth. It also reported 33% year-over-year revenue growth from Q2 2025, when it made $75 million.

While Teradyne Robotics’ revenue is growing, it’s making up a smaller part of Teradyne’s overall business. Robotics made up 8% of the company’s total revenue this quarter, a slight increase from 7% last quarter but down from the 12% it made up last year. Back in Q4 2023, robotics earned about 19% of Teradyne’s total revenue.

The company also noted that the U.S. market is becoming increasingly important. In Q2 2026, U.S. sales increased to 32% of Teradyne Robotics’ overall sales. To keep up with this demand, Teradyne plans to launch a manufacturing center in Michigan later this year.

Looking ahead to the second half of the year, Michelle Turner, chief financial officer of Teradyne, said she expects the company’s growth to continue through the rest of 2026.

Teradyne Robotics' quarterly revenue.

Teradyne Robotics’ quarterly revenue from Q1 2020 through Q2 2025. | Source: The Robot Report

AI is driving Teradyne’s revenue growth, says CEO

Smith started Teradyne’s earnings call with a clear statement: AI is the main driver of its second quarter of record revenue growth.

“All three of our business groups — Semiconductor Test, Product Test, and Robotics — grew year over year and quarter over quarter, highlighting the AI demand across all parts of the business,” Smith said during the call. “At more than 60%, AI-driven revenue is the key proof point that our wafer-to-AI data center strategy is delivering results.”

Smith said he expects AI interest, and in particular AI data center buildouts, will continue to drive robotics revenue. The fastest growing segments in robotics for Teradyne Robotics are electronics manufacturing and semiconductors, he explained.

“We believe that there is currently a multibillion-dollar market for assembly, automation, test, and burn-in equipment, and we expect mid-double-digit growth rates through the end of the decade,” said Smith. “By addressing these applications with enhanced production board test, optical test, backplane test, and robotic-assisted test and assembly, Teradyne is uniquely positioned to follow the value chain, from wafer to data center.”

Teradyne’s AI strategy has been key to recovering its robotics revenue in recent years. The company grew rapidly during the COVID-19 pandemic, but since then, it has struggled to keep the momentum going.

The company posted $311 million in revenue in 2021, up 41% from 2020 and 23% above 2019 pre-pandemic levels. Growth peaked at $326 million in 2022, then declined to $304 million in 2023 and $293 million in 2024.

In 2025, Teradyne experienced two rounds of layoffs. In January, it laid off 10% of its global workforce, and later in the year, in November, it laid off another 14% of its workforce. At the time, Teradyne called the layoffs a “proactive step” to strengthen its business.

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